2024 Korea ESG Standards Institute ESG Excellent Company Awards
13 companies selected as excellent companies
HK InnoN, the only pharmaceutical and bio industry company to receive this award
hyundai Department Store Group wins two awards for excellence in ESG and governance categories
HK InnoN announced on the 9th that it was selected as an excellent ESG company at the ‘2024 Korea ESG Standards (KCGS) Excellent Company Awards Ceremony’ held at the Korea Exchange.
At the awards ceremony, key officials including Kwak Dal-won, CEO of HK Innoen, officials from 13 award-winning companies, Financial Services Commission Vice Chairman Kim So-young, Korea Exchange Chairman Jeong Eun-bo, and KCGS Vice President Lee Jeong-eui attended.
As a result of the ESG evaluation, KCGS selects and awards excellent companies to companies that actively practice ESG management and contribute to the sustainable growth of the capital market among the top companies. Awards are given in three categories: Honorary Companies,Excellent ESG Companies (Grand Prize,Best,Excellence),and Companies with Excellent Governance Structure (Grand Prize,Best,Excellence). Awards are given separately to general listed companies and financial companies.
Award-winning companies will be granted a one-year exemption from disclosure and ESG education program fees provided by the Korea Listed Companies Association, KOSDAQ Association, and Korea Institute of certified Public Accountants.
HK InnoN was listed in the ESG excellent company category (KOSDAQ) for general listed companies. There are 13 excellent companies selected this time. HK InnoN is the only pharmaceutical and bio company. It is said that efforts to strengthen management transparency through active ESG information disclosure and efforts to create a sustainable business ecosystem were highly evaluated.
Kwak Dal-won, CEO of HK InnoN, said, “We are achieving meaningful results by actively pursuing ESG management acceleration,” and added, “As a leading ESG company in the pharmaceutical and bio industry, we will continue to secure competitiveness for a sustainable future.” In the case of HK InnoN, it received an A grade in the ESG evaluation rating for domestic companies announced by KCGS last year and an A+ grade this year. The company received an A+ grade in the society and governance sector and an A grade in the environment sector, demonstrating the industry’s highest level of ESG management capabilities.
There was no grand prize in the ESG excellent company category for general listed companies, and Hyundai Easywell was selected as the best company. Along with HK InnoN,three companies,including SK Square and POSCO Future M,are excellent companies. There was no grand prize or grand prize for financial companies, and Samsung
Card was selected as an excellent company.
In the category of companies with excellent corporate governance, neither general listed companies nor financial companies were eligible, and Hyundai Home Shopping and Shinhan Card were each named as the best company.Hyundai Easywell and Hyundai Home shopping, which were named among the top companies in the ESG excellent company category, are both affiliates of Hyundai Department store Group. In addition,SKC,LIG Nex1,and Classys were named as excellent companies in the excellent corporate governance category,and Shinhan Life Insurance and NH Nonghyup Capital were selected as excellent financial companies.
Kim Min-beom, Donga.com reporter [email protected]
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